Budget 2024: Mobile Phones To Get Cheaper As Customs Duty Cut

The government has proposed to reduce customs duty on mobile phones and related parts to 15%, in what is seen as a fillip to local manufacturing.

Here's a look at all the customs duty revisions as announced by Finance Minister Nirmala Sitharaman in Union Budget 2024:

• Customs duty on mobile phones, related parts, chargers cut to 15%.

• Customs duty on 25 critical minerals get exemption.

• Customs duty on some brood stock, shrimp, fish feed cut to 5%.

• Customs duty cut on real down-filling material from duck or goose.

• Customs duty for manufacture of spandex yarn cut to 5% from 7.5%.

• Export duty structure on raw hides, skin, leather to be simplified.

• To reduce customs duty on gold, silver to 6%, platinum to 6.4%.

• No customs duty on ferro nickel and blister copper.

• No customs duty on oxygen-free copper for manufacture of resistors.

• Customs duty raised on ammonium nitrate to 10% from 7.5%.

• Customs duty raised on PVC flex banners to 25% from 10%.

• Customs duty on some telecom equipment raised to 15% from 10%.